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Kenyan diaspora is the biggest sender of mobile money
To mark the 10th anniversary of mobile money service M-PESA, WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that Kenyans continue to be early adopters of innovative technology, even when abroad.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Insurance in Africa: The threat of tech
No insurer wants to see new innovators encroaching on their territory. To outflank them, some are working with these fintech companies to help pursue their own technological projects, reach the continent’s large uninsured populations, develop new products and cut costs.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Three Reasons Impact Investors Aren’t Sweating Trump’s Climate Policies: An Interview with Nancy Pfund
This week, President Trump signed what's been called a "sweeping demolition of Obama-era policies on coal mining, fracking, greenhouse gas emissions and climate change." So why isn't Nancy Pfund, founder and managing partner of DBL Partners, worried? We discuss politics and the environment with the impact investing pioneer in this video interview.
- Categories
- Energy, Environment, Investing, Technology
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Merck picks 3 e-health startups for Nairobi accelerator
Global healthcare and pharmaceutical firm Merck has chosen one Ghanaian startup and two from the United States (US) to take part in the third edition of its e-health accelerator in Nairobi, Kenya.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Fintech Deals in South East Asia Hit Record Numbers in 2016
The total number of venture-backed deals to fintech companies in South East Asia (i.e. Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam) reached record highs in 2016 according to data released by CB Insights recently.
- Categories
- Technology
- Region
- Asia Pacific
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Smartphones are making Kenya’s gambling problem even worse
Smartphones have been hailed in Africa for everything from improving emergency and rural health care to enabling e-commerce and better supply chains. But in some cases, their contribution to improving society may be debatable.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Economy & Nation Defaults rising in MFI loan book post demonetisation
Post demonetisation, the delinquencies in microfinance institutions (MFI) loan books are rising. Ratings agency ICRA recently downgraded its outlook on two prominent MFIs to negative from stable, mainly due to limited currency supply and disruption in borrower cash flows, which hampered overall the collection efficiency of these lenders
- Categories
- Technology
- Region
- South Asia
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M-Pesa cash ceiling to go up in bid to boost M-Akiba bond
Plans are in the offing to raise the daily mobile money transaction ceiling from the current Sh140,000 to accommodate higher purchases of the M-Akiba product launched on Thursday.
- Categories
- Technology
- Region
- Sub-Saharan Africa